On the recordJune 20, 2023
It is for the benefit of those people that we must get inflation under control.
Source
congress.govIt is for the benefit of those people that we must get inflation under control.
Powell emphasizes the need to control inflation for low-income communities.
Share
More from Jerome Powell
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
So we didn't overreact — in fact, we didn't react at all. We're simply taking some time.